Drawdown calculator
At My Pension Expert, we want to provide a fair, comprehensive, and transparent service. That’s why fees and charges are only ever applied once you’ve received and accepted our recommendations.
Your adviser will make sure you fully understand the associated costs and how they’ll impact your pension and investments during your advice call. We also include all the relevant fees and charges in the quotes and illustrations you’ll receive in your introduction pack, so any income, guaranteed maturity amounts, and other projections reflect what you’ll actually receive. There won’t be any unexpected costs added later.
Why Transparent Fees Matter
At My Pension Expert, we understand that retirement planning isn’t just about numbers, it’s about securing your future, protecting your loved ones, and achieving peace of mind. That’s why we believe complete transparency is essential when it comes to our pension advice fees and charges.
We’re committed to ensuring that every client fully understands what they’re paying for and how those fees support the tailored financial advice they receive. Whether you’re considering transferring your pension to a new provider, consolidating multiple pension pots for simplicity and efficiency, or exploring flexible-access drawdown options to manage your retirement income, we clearly outline all associated costs upfront – before any commitment is made.
Our Fees and Charges
To keep things simple, we only have two types of fees. These are taken as a percentage of your pension or savings, usually as part of the fund transfer.
Below is a breakdown of the fees and charges that may apply to you. Your adviser will highlight which are relevant and answer any questions you have during your advice call.
Initial Advice Fee
This is the one-off fee for our recommendation, if accepted. It covers the cost of advice and all administrative work required to transfer your funds to the recommended plan. This fee is only applied once you’ve received and accepted our advice and have returned your application pack.
Ongoing Advice Fee
If you select a drawdown plan or we offer advice on your investments, you’re also eligible to join our ongoing advice service. This annual subscription to our service gives you year-round access to your dedicated adviser, an annual financial health check, and other exclusive market insights.
Provider charges – Drawdown and Investments
Only
In addition to our service charges, the companies that manage and hold your investments will also charge a fee.
Please note, these fees will vary depending on your provider.
| Fund Charge | This is an annual fee charged by the provider of your investment portfolio. |
| Platform Charge | This is an annual charge paid to the platform used to manage your investments. |
| Discretionary Fund Management Charge | This annual charge pays for the ongoing management of your fund by one of your provider’s dedicated fund managers. |
Your retirement, made simple
We know that understanding
pension advice fees and charges can
feel overwhelming, which is why we
take the time to explain everything in
simple, transparent terms.
Watch our video to see how to make
smart, cost-effective decisions that will
positively impact your retirement journey.
What You Get For Your Fee
Personalised financial advice from an FCA-Regulated adviser
Personalised financial advice from an FCA-Regulated adviser
A detailed discussion about your goals and recommendations
Pension transfer/consolidation handling
Ongoing support and annual reviews (if you’ve selected the Ongoing Advice service)
Frequently Asked Questions
Need another question answering? Get in touch with us today.
Fees and charges are taken as a percentage of your pension or savings,
usually as part of the fund transfer. Provider charges may differ.
Our calls and advice are completely without obligation. If you choose not
to go ahead, you won’t be charged.
Our one-off initial advice fee is based on our services. Provider charges,
however, may differ between companies.
Fees and charges are calculated based on percentages of your
pensions/savings.
Contact Us
Have questions or ready to seek advice? Contact My Pension Expert to unlock the potential in your pension, with tailored recommendations.
My Pension Expert Limited
Floor 4, Colonnades House
Duke Street
Doncaster
DN1 3BW
Tel: 01302 636119
Email: info@mypensionexpert.com
Complaints:
complaints@mypensionexpert.com
Press Enquiries:
press-enquiries@mypensionexpert.com
